A source had already confirmed that a deal was in the works earlier on Monday, amid press reports that Jingye would pay 70 million.

Chinese ferro-silicon prices continued their steady performance amid firmer steel prices and export market stable in China.

CISA data showed their member companies have seen a 32 percent drop in profits.

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were unchanged over the past week.

Billet and bloom exports totaled 2.96 million tonnes over the six months, an 88% rise year-on-year.

China Sept nickel ore imports hit highest since at least 2016 as Indonesia ban looms

The two projects, one located in Shanxi Province and the other in Inner Mongolia Autonomous Region.

The coal mine's annual production capacity will be 3 million tonnes.